What is insurance capacity and how can it help your adult children?
Let’s say you’re a savvy individual and you already have a properly structured max-funded IUL helping your serious cash stay liquid, safe, earning a predictable rate of return, with significant tax advantages.
Now let’s say you still have unused insurance capacity (the maximum amount of death benefit you can receive, based on things like your age and income or net worth).
You can do what I do:
I tell my children to take out million-dollar life insurance policies on me. I don’t pay the premiums, they do.
But by putting $500 to $1,000 a month into those policies, they’re setting themselves up to be automatic millionaires when I pass, and it’s all tax-free.
To learn more about how this works, check out the full-length version of this episode and claim your FREE copy of “The LASER Fund” by visiting laserfund.com.
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